JAKARTA The debate between gold or Bitcoin, which is a better store of value, continues to occur in all cryptocurrency spaces and in traditional investment circles.
In the latest episode of the Club Random Bill Maher podcast, which aired on December 26, Dallas Mavericks billionaire Mark Cuban recommended that Bitcoin be a better store of value than gold.
Responding to Maher who publicly admitted that he was "against Bitcoin," Cuban replied with a naughty deal. "I want Bitcoin to go down further so I can buy more," Cuban said.
Cuban also went on to offer a friendly punishment to Maher. "If you have gold, you are so stupid," he said. He also encouraged Maher to find and store Bitcoin.
Reported by Cointelegraph, the two then discussed the pros and cons of the two asset categories, as the billionaire stated that gold was "not a hedge against anything. "You don't have physical gold, do you?" Cuban told Maher.
Speaking to Cointelegraph, Cuban confirmed that he does have more Bitcoin than gold, even one step ahead to confess. "Yes. I don't have gold," Cuban said.
However, when Cuban told Cointelegraph that he personally chose to refrain, he disagreed with the idea that people who don't hold coins or gold themselves are always looking for trouble.
It depends where. If the custody hosts lends gold or crypto for any reason, then there is a much greater risk. If you don't have your own custody, I'll make sure it's an regulated entity that has mandatory control and liquidity minimum requirements," he said of asset storage.
On October 25, Cointelegraph reported that gold-growing Bitcoin correlations, S&P 500, and Nasdaq 100 show that more and more investors see BTC as a relatively safe shelter.
According to digital strategists at the Bank of America, the increase in correlations between Bitcoin and gold is one of the key indicators showing investor confidence in BTC amid the ongoing economic downturn.
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